Russia's Magnitogorsk To Buy Flinders Mines For A$0.30/Share
2011年11月25日 - 4:53PM
Dow Jones News
Russian steelmaker OAO Magnitogorsk Iron & Steel Works said
Friday it is seeking to acquire Australia's Flinders mines Ltd.
(FMS.AU) for A$0.30 per share.
The deal values Flinders at about A$554 million in total,
Magnitogorsk said in a statement.
Flinders owns the Pilbara Iron Ore Project in western
Australia.
"I am confident that Flinders will develop into a leading iron
ore producer in Australia," Magnitogorsk chairman Victor Rashnikov
said in the statement.
-By William Mauldin, Dow Jones Newswires; +7 495 232-9192;
william.mauldin@dowjones.com
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